My sources say that negotiations continue between Vevo and Google's YouTube. There's no big hurry really as Vevo's contract with YouTube doesn't expire for a year. The Post report focused on why Vevo is being sought by Facebook and YouTube.

"Landing a deal with Vevo could prove key for Facebook, which is angling to go public this year in a huge IPO that would value the company at $100 billion," wrote Claire Atkinson, a Post reporter. "The social network barely edged out Google to become the biggest seller of display ads in 2011, but is projected to lose that title in 2013 as the search giant cranks up its display-ad business."